Prior Lake home prices rise in September 2020

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The median sale price of a home sold in September 2020 in Prior Lake rose by $12,000 while total sales decreased by 38.2%, according to

In September 2020, there were 34 homes sold, with a median sale price of $360,000 - a 3.4% increase over the $348,000 median sale price for the same period of the previous year. There were 55 homes sold in Prior Lake in September 2019.

The median sales tax in Prior Lake for the most recent year with available data, 2019, was $3,870, approximately 1.1% of the median home sale price for September 2020.

The following table compares Prior Lake to other Scott County cities in September 2020:

CitySept. 2020 Home SalesSept. 2019 Home Sales% change (Total Home Sales)Sept. 2020 Median Sales PriceSept. 2019 Median Sales Price% change (Median Sales Price)
Elko New Market68-25%$362,000$301,00020.3%
Prior Lake3455-38.2%$360,000$348,0003.4%
Belle Plaine1012-16.7%$251,750$230,0009.5%
New Prague5366.7%$232,000$235,000-1.3%

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